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  • August 31, 2014
  • Last updated: 2:03pm
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Results 1 - 10 of 74 for offshore yuan trading

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  1. Business - Companies - SHIPPING

    CIMC sees profit rise 87.5pc

    Posted Aug 26th 2014, 11:14am by JING YANG

    ... to 1 billion yuan (HK$1.26 billion). Revenue increased 12.1 per cent year on year to 32 billion yuan, while sales of dry freight containers fell 2.5 percent to 625,300 twenty-foot-equivalent units. CIMC, which also makes trucks and trailers, saw road vehicle sales rise 7.3 per cent to 57,200 units, with revenue from that business up 7.07 per cent at 7.14 billion yuan. Revenue from offshore ...

  2. Business - China Business - SHIPPING

    Shipbuilder Rongsheng sinks deeper in losses

    Posted Aug 29th 2014, 11:44am by JING YANG

    ... cent to 340.6 million yuan as orders dried up. The shipbuilder delivered five vessels and cancelled eight contracts in the reporting period. Rongsheng shares were suspended from trading ... Jing Yang jing.yang@scmp.com Rongsheng's 3b yuan loss in first half bucks recovery trend among mainland competitors Shipmaker sinks into negative territory China Rongsheng Heavy ...

  3. Business - Banking & Finance - SHIPPING

    China Merchants Bank gives Cosco 300m yuan credit line

    Posted Aug 28th 2014, 09:05am by JING YANG

    ... Jing Yang jing.yang@scmp.com China Merchants Bank is granting a 300 million yuan (HK$378 million) credit line to its second-largest shareholder, China Ocean Shipping (Group) Co (Cosco), ... conglomerate. With a 6.24 per cent stake, Cosco is the second-largest shareholder of China Merchants Bank after its parent, China Merchants Group. Last year, Cosco recorded 164.81 billion yuan ...

  4. Business - Companies - SHIPPING

    Maersk, MSC file plan with US commission on proposed tie-up

    Posted Aug 29th 2014, 01:14am by JING YANG

    ... authorities in a bid to clear the only regulatory hurdle on the way to a tie-up that could reshape the container trade landscape in the next decade. Copenhagen-based Maersk Line and Geneva's Mediterranean Shipping Company (MSC) submitted their 10-year agreement known as 2M with the US Federal Maritime Commission (FMC) on Wednesday local time. The scope of the deal will straddle trade routes ...

  5. Business - Companies - SHIPPING

    Four container shipping lines team up to serve North East Asia-Oceania

    Posted Aug 26th 2014, 01:10am by JING YANG

    ... in container shipping with joint services, slot exchanges and vessel sharing agreements on various trade lanes, especially in all major trades, including intra-Asia trades, are very common," OOCL ...

  6. Business - China Business - SHIPPING

    US$1.1b tanker joint venture to boost China's energy shipping capacity

    Posted Aug 13th 2014, 01:11am by JING YANG

    ... crude imports are unavailable. Sinopec, which controls trading vehicle Unipec, the world's largest VLCC charterer, said this year in an internal meeting that the four state-owned tanker ...

  7. News - World - SHIPPING

    Hong Kong-based company unveils route of Nicaragua canal to rival Panama’s

    Posted Jul 08th 2014, 01:32pm by Patrick Boehler

    ... in the history of humanity. "It will be an enormous help to the Nicaraguan people and for the world in general, because world trade will require it. We are sure of this." But environmental ...

  8. Business - Companies - SHIPPING

    Japanese shipbuilder Kawasaki to construct LNG tankers in China

    Posted Jun 26th 2014, 01:07am by BLOOM

    ... the firm's Chinese ventures are more cost competitive than Korean shipyards, said Akio Murakami, head of Kawasaki Heavy's shipbuilding and offshore division. "Our Chinese venture, Nacks, ...


    France fines Hong Kong shipping firm over top executive’s death

    Posted Jul 03rd 2014, 03:50pm

    ... doors inexplicably opened without the lift present. Allen, who had worked for OOCL for 37 years and was head of the firm’s transatlantic trades, was attending a customer cocktail party while ...

  10. Business - Economy - SHIPPING

    Shipping industry moves into digital age with automated booking

    Posted Jun 21st 2014, 12:53am by BLOOM

    ... with digital age The shipping industry, which carries 90 per cent of world trade, is finally going digital. Until recently, if you wanted to send a couple of pallets of televisions from Hong Kong ... Kong-based company's director of trades. Existing customers usually contacted their account managers directly, Ng said, adding that because companies develop their own approaches, it might ...




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